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Rise Of American Feudalism

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Feudalism was the predominant way of life before capitalism. During the feudal era, everyone lived life according to the privileges and obligations that were associated with their social standing. The interest of everyone one the manor was to please a higher lord's: vassals sought to pay their debts and lords would provide residents of the manor with the means of subsistence in exchange for their labor. On a manor, there was no currency; all obligations were paid in kind or were done to repay someone else for their service. In a capitalist society, the goal of the individual is to acquire as much wealth for himself. He is only interested in gaining money for his interest as opposed to paying obligatory debts like in feudalism. After the change …show more content…

New towns, usually located just outside of a manor, became more prevalent as more trading with traveling merchants took place. Traveling merchants would come from as far as East Asia, bringing luxury goods that would be bought and sold in these up and coming towns. As more and more trading occurred, new communities formed with a socio-economic hierarchy where one’s placement was determined in part by their wealth. As a whole, residents of the new communities all shared the same objective: to acquire money, so they would offer goods and services as commodities in exchange for money. In feudalism no such civilizations existed; everyone found themselves placed in a role on a manor and was focused on fulfilling their obligations to their lords as opposed to promoting their own self interest by trying to gain more money that they could then spend on luxury goods (once they had paid for the means of subsistence). Having self-sufficient towns populated by economically oriented citizens was the first major divide between feudalism and capitalism. Burghers, or people that lived in the towns, had given up the feudal process of mutual responsibility and owing a fee to a lord in exchange for the means of subsistence. Instead, burghers would pay for the means of subsistence with cash and could, eventually, purchase labor as a commodity. Soon enough, the currency being …show more content…

With the rise of capitalism and the spread of money into rural areas, vassals began to commodity their labor, and lords began to commodity their land. Commodifying land and labor allowed lords and vassals to receive more cash on a regular basis, yet the payments they received were still not steady and constant. As more vassals and lords commodified land and labor, land and labor soon became regarded as commodities. In feudalism, labor was seen as a relationship between the laborer and the lord, or the person receiving the labor. With the spread of monetization, however, the concept of abstract labor was introduced: a laborer could now sell his capacity/power and ability to do labor and the purchaser would be the owner of anything that the laborer produced (i.e. if someone buys someone’s capacity to cook a meal, the meal that the laborer produces with the boot capacity belongs to the buyer). This new way of understanding labor soon became widespread and labor feudal perceptions of labor were abandoned; labor had become a commodity, part of a capitalist economy. Moreover, land was now thought of as a commodity that could be bought and sold, unlike in feudalism where it was only seen as a lease from a higher lord that could be exploited but never owned. Perceptions of property also changed; property, or the amount of tangible goods someone had in their possession,

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